Earlier quoted context omitted.
Sure, but it's not a 1-1 comparison. If Hulu gets compromised you only lose your (hopefully unique) Hulu credentials. If your password manager gets compromised a single attacker gets access to _all_ of your accounts. The security standard for a password manager is much, much higher than pretty much any other service. Password managers are still the best option for most cases, but having to put such an incredible amou…
The problem is a password manager becomes such a valuable target. Sure, they have more security resources given the nature of their business, but it's that password management company's security staff versus a world's-sized quantity of potential bad actors, and one of those two groups has more resources than the other.
I felt a lot safer using something like KeePass, and synchronizing the encrypted database using something like Dropbox.
There's not a central target that would get caught up in large scale attacks aside from Dropbox itself - and even if they get access to that somehow, they'd then have to care about me specifically enough to run expensive offline attacks on the encrypted database. Anyone targeting me directly with those kinds of resources already has better avenues of attack.